The latest report from the Greater Boston Association of Realtors featured three highly encouraging findings for the Boston area’s housing market, and a look at Boston’s top-selling neighborhoods and suburbs:

1. Home Sales Volcano – In March, home sales in the single-family and condo markets erupted, rising 12.5 and 30 percent, respectively, over where they were a year ago; for the first quarter of 2016, single-family sales were up 13.9 percent over Q1 2015, while condo sales were up 20.6 percent.

That momentum is unlikely to slow down in April – pending sales were up substantially in both markets, rising 35.9 percent for single family and 18 percent for condos.

2. Inventory Increase? – For a while now, the trend has been monthly decreases in Greater Boston’s housing inventory, but single-family inventory bucked that trend and increased in March, while condo inventory held steady. The gain was small (4.8 percent for single family), and on a months-supply basis, inventory is still extremely low at 2.2-months for single family and 1.6-months for condos; however, new listings had a strong showing through the first quarter, rising 41 percent for single family and 26.2 percent for condos.

3. Moderating Prices – The inventory increase was accompanied by moderation in home prices. Although prices still rose (3.2 percent for single-family homes through Q1, and 3.7 percent for condos), those increases are far below the dramatic jump that characterized Boston’s market; since bottoming in late 2009, prices are up by more than $100,000 for both condos and single-family homes. Home prices are still high in Greater Boston, and the market still has its issues with affordability, but March’s moderation suggests that homebuyers may be seeing some relief.

Top-Selling Suburbs/Neighborhoods in Greater Boston

For more perspective on home sales in Boston, here is a chart spotlighting the top-selling neighborhoods and suburbs in March:

• Top-Selling Neighborhoods
• Top-Selling Suburbs